No license shall be valid if held by or be issued to any party not actually operating a business for which such license is issued. No license shall be issued to a party until such time as the business for which the license is issued is actually operating or who owns or holds a bona fide lease to property which shall be in actual operation within 120 days of the issuance of such license, except as regards new construction. (See § 111.29, New Construction). A license shall become invalid whenever a holder of a license ceases to actually operate the business for which such license was issued. Any licensed business shall be deemed to have ceased doing business when such business has not operated continuously for a period of eight consecutive months in any 12-month period. No party holding a license of one class may operate a business for which a different classification applies or change his operation from one class of business to another class without obtaining a new license applicable to the class of operation he will then be operating.
('69 Code, § 3-17) (Ord. O-71-3, passed 4-12-71) Penalty, see § 111.99